US GAAP vs. IFRS The basics - Financial Executives International

IFRS resources
Ernst & Young offers a variety of online resources
that provide more detail about IFRS as well as things
to consider as you research the potential impact of
IFRS on your company.
ey.com/ifrs
Ernst & Young’s website contains a variety of free
resources, including:
► Our five-step approach to IFRS conversion — diagnosis,
design and planning, solution development,
implementation, and post-implementation review.
► A variety of tools and publications:
► IFRS outlook — access the online version and
archived issues of our bi-monthly client newsletter
(formerly known as Global EYe on IFRS).
► Technical publications — including IFRS Alert,
Developments in IFRS for financial instruments
and a variety of publications focused on specific
standards and industries.
► International GAAP® Illustrative Financial
Statements — these publications include the
consolidated financial statements for a fictitious
manufacturing company, bank and insurance
company. The statements are updated annually.
US GAAP vs. IFRS The basics
Ernst & Young Online
A private, global internet site for clients that provides
continuous access to important International GAAP®
information, including:
Global Accounting & Auditing Information Tool (GAAIT)
A multinational GAAP research tool that includes the
following subscription options:
► International GAAP® online — includes Ernst & Young’s
International GAAP® book, illustrative financial
statements and disclosure checklists, all of the official
IASB standards, exposure drafts and discussion
papers, and full sets of IFRS reporting entities’ annual
reports and accounts.
► International GAAP and GAAS — contains IFRS,
International Auditing Standards issued by the IFAC
and Ernst & Young commentary, guidance and tools.
► International GAAP® Disclosure Checklist — shows all
the disclosures and presentation requirements under
IFRS, along with relevant guidance on the scope and
interpretation of certain disclosure requirements.
Updated annually.
► IFRS Web-based Learning — includes 2 modules
that address basic accounting concepts and
knowledge of IFRS. The modules represent 52
hours of baseline IFRS training.
International GAAP® & GAAS Digest (Free)
► Continuous coverage of developments from the IASB
and IFAC.
► Ernst & Young Insights.
International GAAP®
This comprehensive book from Ernst & Young is updated
annually and provides definitive and practical guidance
for understanding and interpreting IFRS on a globally
consistent basis.
Please contact your local Ernst & Young representative for information about any of these resources.
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